Portuguese oil company Galp Energia SGPS SA (GALP.LB) and Portuguese utility Redes Energeticas Nacionais SGPS SA (RENE.LB) Wednesday signed a memorandum of understanding to build up to four underground gas storage facilities, Galp said in a statement.

The facilities will increase Portugal's natural gas storage capacity, which stands at 215 million cubic meters.

-By Bernd Radowitz, Dow Jones Newswires, 34-91-395-8125, bernd.radowitz@dowjones.com
Redes Energeticas Nacion... (EU:RENE)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Redes Energeticas Nacion... Charts.
Redes Energeticas Nacion... (EU:RENE)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Redes Energeticas Nacion... Charts.